From TokenPost · · 50s
Flop targets AI agent payments as Arthur Hayes sees Ether at $10,000 by year-end
Arthur Hayes forecasts Ethereum hitting $10,000 by year-end as AI agents need a dedicated crypto payment network.
In brief
Arthur Hayes forecasts Ethereum hitting $10,000 by year-end as AI agents need a dedicated crypto payment network. Arthur Hayes predicts Ethereum will reach $10,000 by year-end and says AI agents require a crypto payment system for computing power. Originally reported by TokenPost.
Arthur Hayes on AI agent payments
Arthur Hayes says AI agents need a dedicated cryptocurrency payment network to purchase computing power directly.
“stablecoins are unlikely to become the core currency of the agent economy because they are not directly tied to compute”
Flop blockchain for AI agents
Flop Labs is building a proof-of-useful-inference blockchain where participants contribute GPUs to process inference requests and mine tokens.
“Flop Labs is building a proof-of-useful-inference blockchain based on principles pioneered by Bitcoin”
Ethereum price forecast
Hayes forecasts Ethereum reaching $10,000 by year-end due to potential AI sector collapse and crypto demand from Korean investors.
“Ether is his largest position outside Bitcoin, citing its liquidity, long operating history and status as the layer-1 network with the largest market capitalization”
AI industry profitability concerns
Hayes warns deteriorating AI profitability could lead to global crypto demand as investors rotate back from AI stocks.
“If they slow their consumption of data centers, the U.S. government could become the buyer of compute of last resort”
The essence
Arthur Hayes predicts Ethereum will reach $10,000 by year-end and says AI agents require a crypto payment system for computing power.
